This ten year milestone of funding an additional contribution continues to demonstrate the commitment of the company to our team here at CAPS.
Houston, TX (PRWEB) August 19, 2014
Custom Air Products & Services, Inc. (CAPS), a leading commercial and industrial heating, ventilation and air conditioning (HVAC) company based in Houston, Texas (US) is proud to announce that on August 14, 2014, a discretionary contribution was made to the company’s 401K plan. This marks the tenth consecutive year that the company has made an additional discretionary contribution into the plan. This contribution is in addition to the four percent company match has that has been part of the plan since 2007.
Since 2005, CAPS has made company contributions of over $2,500,000 and currently the plan has a total value in excess of $6,250,000.
Bob Love, CFO stated, “This ten year milestone of funding an additional contribution, in addition to the company match of up to four percent based on an employee contribution of five percent, continues to demonstrate the commitment of the company to our team here at CAPS. The design of this plan has made it an enormous benefit over the years, a benefit which very few other companies, regardless of size or industry, provide.”
Kelly Lancaster, Human Resource Manager, elaborated on the strength of CAPS benefits with, “One of our biggest recruiting and retention tools is our 401K plan which, as a safe harbor plan, includes automatic vesting of the employer match. It is a rewarding experience when employees enrolling in our 401K plan point out that previous employers did not offer such a robust plan. As HR Manager, it’s a privilege to offer such a benefit that allows our employees to work towards their retirement goals.”
About Custom Air Products & Services
Custom Air Products & Services, Inc. is a full-service HVAC company that specializes in the design, construction, installation, modification, and servicing of industrial and commercial air conditioning equipment. CAPS employees are committed to providing exceptional custom design and quality workmanship at competitive prices.
Custom Air Products & Services currently occupies five (5) modern facilities, totaling 200,000 square feet in size. These buildings include administrative and engineering offices, training facilities, a filter warehouse, and service shops for fabrication, manufacturing, and modifications. CAPS services are provided to customers throughout the United States and Mexico while their manufactured products have been delivered to sites around the world. Currently CAPS has equipment operating on six (6) continents and in 52 countries.
For more information, contact Custom Air Products at 713.460.9009 or visit them on the web at http://www.customairproducts.com.
If you’d like more information about this topic, please call Kelly Lancaster, Human Resources Manager at 713.460.9009 or email her at kellyl(at)customairproducts(dot)com.